Is ETHFI Safe? What Our Security Scan of ether.fi governance token Found
Introduction to ETHFI
The ether.fi governance token (ETHFI) is currently drawing attention, and we have run it through our RugShield security scanner to provide an assessment of its safety.
What the scan found
Our scan found that ETHFI has a trustScore of 90 and a trustGrade of AAA, indicating a low scam probability of 10%. The scan also detected no honeypot signal, and there are no taxes on buying or selling the token. Additionally, the token is not mintable and not freezable, with ownership renounced and the contract verified. The liquidity is $67,117, with 0% of tracked liquidity locked. There are 108,353 holders, with the top 10 holders controlling 64% of the supply.
What this means for you
The findings of our scan indicate that ETHFI has a strong trust score and grade, which is a positive signal. However, the fact that the top 10 holders control 64% of the supply and only 0% of tracked liquidity is locked are risk factors to consider. On the other hand, the presence of 108,353 holders, the verified contract source code, and the lack of a mint function are all positive signals. It is essential to carefully evaluate these factors when considering ETHFI.
This analysis is based on automated on-chain data and should not be taken as financial advice. For the full live scan, visit the scan page. You can also use our free scanner at RugShield to evaluate other tokens.